Lloyds Equity Release (Oct 2021)
Lloyds Lifetime Mortgage Review
Are You Considering Lloyds Equity Release? What are the Pros, Cons & Costs? Discover If Lloyds Lifetime Mortgage Schemes are for You.
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Lloyds Equity Release Review
I think you’ll agree with me when I say:
It’s REALLY hard to choose the best equity release provider with all the choices available.
Or is it?
Is Lloyds equity release the best?
As experts in the equity release field (we’ve reviewed over 250 schemes!), we’ve combed the market, researched all equity release service providers and narrowed it down to who’s on top.
What's Equity Release & How Does It Work?
We've summed up the most important information about the topic in this quick video.
An equity release mortgage is, in a nutshell, a loan plus interest that is paid back to the lender when the homeowner passes away or goes into permanent care. The homeowner’s family usually pays back the cash released, and the interest incurred, from the sale of the home in question.
Equity release is available for individuals or couples over 55, with the youngest homeowner’s age determining the amount of equity that can be released. It is important to note that some equity release schemes may require the homeowner to be 60 or older.
Learn More: What’s Equity Release & How Does It Work?
What About the Lloyds Equity Release Calculator?
Before you consider using the Lloyds equity release calculator, please take note.
Our providers can almost always match & BEAT any existing equity release quote that you find through Lloyds. So first use this calculator below & see how much you can release.
How Much Can You Release?
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It's VERY FAST, takes just 8 seconds
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About the providers we compare
Most popular reasons for releasing equity
Lloyds's Equity Release & Lifetime Mortgage Schemes
Not what you're looking for?
Who Are Lloyds?
Lloyds Banking Group’s private equity arm1 invests in a wide range of mid-market firms in every area and industry of the UK economy. Lloyds Bank plc is a British retail and business bank with locations throughout the United Kingdom and Wales.
When it comes to personal banking, Lloyd is one of the first names that springs to mind. They’re one of the greatest banks in the UK, particularly for equity release and mortgage programmes. From current accounts to house insurance, ISAs, pensions, mortgages, loans, and mortgages, they have it all!
They understand how critical it is to obtain the best mortgage plan possible, regardless of your financial situation. As a result, even if it’s your second mortgage, they make sure you receive the right one.
They’re fantastic at assisting you with retirement planning and living an incredible life in your golden years.
Another of their specialities is lending your money. They can rapidly aid you with that using Internet Banking, and they’ll also help you maintain an excellent credit score!
- Financial Conduct Authority
- Financial Services Authority
Got Questions About Lloyds & Lifetime Mortgages? Check These First
Is Lloyds A Member of the Equity Release Council?
Lloyds is not a member of the Equity Release Council.
What Are Lloyds 's Interest Rates?
There is no standard interest rate for Lloyds’ equity release plans. The amount of interest you will receive on your lifetime mortgage depends on the amount you want to borrow and the number of years over which you have chosen to pay it back.
Who Owns Lloyds Equity?
Llyods is a subsidiary of Lloyds Banking Group, which is part-owned by the UK Government. This means that if the company has financial difficulties, investors are likely to get a reduced return on their investment.
Where is Lloyds Located?
Llyods is headquartered in central London, although its equity release plan can be used by anyone living in the UK.
PS – If you’re anything like us, you skipped to the end anyway.
So here’s the scoop – our intention is to help you by finding the best lifetime mortgage so that you can spend the money on something that you really want to, rather than on a high tax bill.
Most send us a personal thank you because we do such an incredible job.
Editorial Note: This content has been independently collected by the SovereignBoss advisor team and is offered on a non-advised basis. Sovereignboss may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.
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Most people are using equity release as a means of retaining the use of their house while also obtaining a lump sum or a steady stream of income. Get matched with an expert and check your eligibility for equity release options.
Use our free equity release calculator & see how much you can release today.